BUSINESS

Sony defends shelving of 'The Interview' after Obama criticism: 'We had no choice'

12/19/2014 05:35 EST | Updated 02/18/2015 05:59 EST
NEW YORK, N.Y. - Following pointed criticism from President Barack Obama for shelving "The Interview," Sony Pictures Entertainment on Friday defended its decision, claiming it had no choice but to cancel the film's Christmas Day theatrical release.

Obama said during a press conference Friday that Sony "made a mistake" in dropping "The Interview."

However, the studio fired back, saying the cancellation happened only because the country's top theatre chains pulled out.

"This was their decision," Sony said in a statement.

Sony insists it has only cancelled the Christmas Day release and that it has been "actively surveying alternatives" to release the film on a different platform.

In an interview with CNN Friday, Sony Pictures Entertainment CEO Michael Lynton said "the President, the press and the public are mistaken about what happened."